CIBC Increases Hudbay Minerals (TSE:HBM) Price Target to C$15.50

Hudbay Minerals (TSE:HBMGet Free Report) (NYSE:HBM) had its price objective raised by equities researchers at CIBC from C$13.00 to C$15.50 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the mining company’s stock. CIBC’s price objective would indicate a potential upside of 13.22% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. Stifel Nicolaus set a C$11.25 price target on shares of Hudbay Minerals and gave the stock a “buy” rating in a research note on Tuesday, March 26th. National Bankshares upped their price target on shares of Hudbay Minerals from C$8.50 to C$8.75 and gave the stock a “sector perform” rating in a research note on Monday, February 26th. Eight Capital upped their price target on shares of Hudbay Minerals from C$12.00 to C$14.50 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Scotiabank upped their price objective on shares of Hudbay Minerals from C$10.50 to C$11.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. Finally, Bank of America upped their price objective on shares of Hudbay Minerals from C$8.50 to C$12.25 in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$13.61.

Get Our Latest Analysis on HBM

Hudbay Minerals Stock Down 0.1 %

TSE:HBM traded down C$0.02 during trading hours on Wednesday, hitting C$13.69. 1,506,033 shares of the stock traded hands, compared to its average volume of 1,340,505. The firm has a 50 day moving average price of C$10.31 and a 200 day moving average price of C$8.13. The company has a current ratio of 1.25, a quick ratio of 0.85 and a debt-to-equity ratio of 62.93. Hudbay Minerals has a fifty-two week low of C$5.46 and a fifty-two week high of C$13.96. The firm has a market cap of C$4.81 billion, a price-to-earnings ratio of 47.28, a PEG ratio of 3.97 and a beta of 1.96.

Hudbay Minerals (TSE:HBMGet Free Report) (NYSE:HBM) last announced its earnings results on Friday, February 23rd. The mining company reported C$0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.15 by C$0.12. Hudbay Minerals had a net margin of 3.93% and a return on equity of 3.68%. The company had revenue of C$819.90 million for the quarter, compared to the consensus estimate of C$710.46 million. Equities research analysts anticipate that Hudbay Minerals will post 0.7897465 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$9.45, for a total value of C$46,446.75. In related news, Senior Officer Mark Zachary Gupta sold 4,915 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$9.45, for a total value of C$46,446.75. Also, Senior Officer Luis Alfonso Santivanez Silva sold 19,499 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of C$6.01, for a total transaction of C$117,188.99. 0.08% of the stock is owned by company insiders.

About Hudbay Minerals

(Get Free Report)

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.

See Also

Analyst Recommendations for Hudbay Minerals (TSE:HBM)

Receive News & Ratings for Hudbay Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudbay Minerals and related companies with MarketBeat.com's FREE daily email newsletter.